The longtime Colorado grocery chain, a unit of Cincinnati-based Kroger Co. (NYSE: KR), signed a contract to build an urban-format store at 20th Street and Chestnut Place on the ground floor of an apartment complex being built by the Nichols Partnership Inc.
They should expect an 18 percent increase from 2012 when they open their property tax bill in January, following the Nov. 6 voters’ passage of three referendums in the city.
Referendum 2A was sold to Denver voters as not being a tax increase. But the removal of a tax credit looks like one to commercial property owners, who are looking at an average jump of $3,550 per $1 million in property value.
The Bend, Ore.-based tire retailer built all five stores since it announced it was coming to Colorado in March. http://www.bizjournals.com/denver/news/2012/03/30/les-schwab-tire-stores-coming-to-denver.html
Sidney, Neb.-based Cabela’s (NYSE: CAB) bought a 10.68-acre plot of land on the southwest corner of Interstate 25 and Ridgegate Parkway for $3.72 million. The purchase was first reported Thursday by Xceligent Inc.
Wal-Mart Stores Inc. said late Tuesday it is pulling out of the planned redevelopment of the former University of Colorado Hospital campus in Denver.
The retailer had planned to locate one of its Walmart stores at East Ninth Avenue and Albion Street, off Colorado Boulevard, but met with strong community opposition.